Texas Pacific Land Director Adds $1.1K/Share Stakes Across Multiple Funds
Murray Stahl, Director of Texas Pacific Land Corp (TPL), and Horizon Kinetics Asset Management LLC reported multiple insider purchases on June 23, 2025.
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Rhea-AI Filing Summary
Murray Stahl, Director of Texas Pacific Land Corp (TPL), and Horizon Kinetics Asset Management LLC reported multiple insider purchases on June 23, 2025. The transactions were executed under a Rule 10b5-1 plan established on November 21, 2024.
Key transaction details:
- Multiple entities under Stahl's influence acquired shares at $1,098.70 per share: - Horizon Kinetics Hard Assets: 2 shares - HORIZON CREDIT OPPORTUNITY FUND: 1 share - Direct ownership: 3 shares - HORIZON COMMON: 2 shares - POLESTAR OFFSHORE FUND: 1 share
- Horizon Kinetics Asset Management acquired 1 share at $1,088.01
As of December 18, 2024, HKAM beneficially owned 3,578,173 shares, while Stahl held 7,848 shares directly and approximately 156,083 shares indirectly. Stahl disclaims beneficial ownership except for his pecuniary interest.
Positive
- Director Murray Stahl and related entities made multiple open market purchases of TPL shares at ~$1,098 per share, demonstrating insider confidence
- Purchases were made through a pre-planned 10b5-1 trading plan established in November 2024, indicating systematic accumulation strategy
- Horizon Kinetics Asset Management LLC maintains a significant 10% ownership position with 637,761 shares, showing long-term institutional commitment
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2 | $1,098.70 | $2K |
| Purchase | Common Stock | 1 | $1,098.70 | $1K |
| Purchase | Common Stock | 3 | $1,098.70 | $3K |
| Purchase | Common Stock | 2 | $1,098.70 | $2K |
| Purchase | Common Stock | 1 | $1,098.70 | $1K |
| Purchase | Common Stock | 1 | $1,088.01 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.
- F2. Purchased pursuant to a Rule 10b5-1 plan adopted on November 21, 2024.
- F3. The amount of common shares of the Issuer reported excludes partnerships and other accounts in which Mr. Stahl has a controlling interest and are reported separately. These accounts are managed by HKAM, in which Mr. Stahl serves as Chairman, Chief Executive Officer and Chief Investment Officer but does not participate in investment decisions with respect to the securities of the Issuer. Mr. Stahl disclaims beneficial ownership over the shares reported except to the extent of his pecuniary interest, if any.
FAQ
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What is Murray Stahl's total beneficial ownership position in TPL as of June 2025?
Were TPL stock purchases made under a 10b5-1 trading plan?
What positions does Murray Stahl hold at TPL and Horizon Kinetics?
AI-generated analysis. How Rhea-AI works. Not financial advice.
